Money & The Economy
News on Finance, Money, markets and the economy
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Johnson & Johnson Shells Out Nearly $9 Billion To Settle Cancer Allegations
Johnson & Johnson agreed to dole out $8.9 billion to numerous people who alleged the pharmaceutical giant’s talcum powder products…
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JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’
JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the current fallout from the bank failures…
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Rising Oil Prices About to Reignite Higher Inflation
OPEC+ ,which is the 13 original OPEC countries plus 10 more countries including Russia and Canada, has just announced it…
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Dems, Eco-Groups At Each Other’s Throats Over Climate Plan That Will Send Energy Bills Soaring
Democratic Gov. Kathy Hochul of New York is facing stiff opposition from climate groups over her support of a measure…
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Oil Prices Surge Following Saudi Surprise
Crude oil prices surged roughly 6% Monday morning following an unexpected Saudi-led decision by OPEC to slash oil production over…
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Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer
Bank customers moved billions of dollars in deposits from smaller institutions to larger ones during recent banking turmoil, including the…
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Misguided DOJ Rewards America’s Problem Airlines
Economist Bruce Yandle once famously concluded that regulations are supported by two groups of people: groups that want and generally…
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World’s Largest Crypto Exchange Sued By US Regulators
The Commodity Futures Trading Commission (CFTC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao on Monday…
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First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal
The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a deal to acquire Silicon Valley…
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How The Way You Think is Keeping You In Debt
If you’re like most people, you’ve probably at some point in your life become deeply in debt. You spend a…
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Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will…
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Once Again, Fed Not Aggressive Enough
The Federal Reserve raised the Federal Funds Rate by 25 basis points at its March 22 meeting. Since Chairman Jerome…
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Fed Raises Interest Rates To Highest Levels Since 2007
The Federal Reserve hiked its target federal-funds interest rate by a quarter of a percentage point Wednesday, the ninth in…
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Home Prices Fall For The First Time In Over A Decade
Year-over-year home prices nudged down in February, breaking a nearly 11-year streak of consecutive price increases, the National Association of…
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Amazon To Slash Another 9,000 Jobs
Amazon plans to cut another 9,000 jobs over the coming weeks due to concerns about economic uncertainty, according to a…
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